Franklin Asian Equity Fund is a Thematic fund run by Franklin Templeton Mutual Fund. On 30-09-2026, it managed ₹981 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 21.8% a year and its Regular plan returned 20.7% a year.
NAV (Direct plan)
₹45.69
▼ 1.20% · 30-10-2026
NAV (Regular plan)
₹41.31
▼ 1.20% · 30-10-2026
Expense ratio
1.24%Direct2.51%Regular
1.24%
A year
Riskometer
Not available
Set by the fund house
3 year return
21.8%Direct20.7%Regular
21.8%
A year
Franklin Asian Equity Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹45.69 (down 1.20% that day); Regular Plan Growth ₹41.31 (down 1.20% that day).
This fund (Direct plan)
₹45.6946
Franklin Asian Equity Fund Returns vs Thematic Funds
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−7.04%
−1.35%
+2.88%
+17.49%
+21.75%
+6.86%
+9.80%
This fund (Regular)
−7.14%
−1.62%
+2.37%
+16.41%
+20.68%
+5.91%
+8.96%
Thematic average
−2.09%
−4.52%
+0.86%
−1.22%
+13.76%
+11.62%
+13.76%
Best in Thematic
+11.54%
+11.27%
+22.16%
+75.71%
+54.78%
+21.14%
+19.31%
Worst in Thematic
−16.05%
−11.74%
−13.97%
−22.44%
−4.46%
+3.65%
+7.72%
Rank in Thematic
231/235
45/232
78/232
9/215
13/133
85/96
60/63
Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return. This fund's benchmark is 75% MSCI Asia (Ex-Japan) Standard Index + 25% Nifty 500 Index. Returns of that index are not available to us, so the category average is the comparison.
Franklin Asian Equity Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+17.11%
+16.20%
2025
+24.71%
+23.66%
2024
+15.43%
+14.45%
2023
+1.67%
+0.65%
2022
−13.75%
−14.47%
2021
−5.16%
−5.85%
Franklin Asian Equity Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,667 periods, one for each trading day from 01-01-2016 to 30-10-2026.
−10%0%10%20%30%40%
Franklin Asian Equity Fund (Direct)
Category average, 235 Thematic funds
Nov 2013 to Nov 2016Sept 2015 to Sept 2018Jul 2017 to Jul 2020May 2019 to May 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
Franklin Asian Equity Fund (Direct)Category average, 235 Thematic funds
13%
1%
Below 0%
15%
4%
0-5%
28%
8%
5-10%
33%
25%
10-15%
7%
26%
15-20%
4%
29%
20-25%
0%
7%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
3,155
10.6%
−32.9%
71.6%
26%
12.9%
42%
2 years
2,913
8.3%
−13.7%
33.9%
17%
17.0%
35%
3 years
2,667
8.9%
−10.5%
25.0%
13%
17.8%
29%
5 years
2,174
7.1%
0.1%
20.4%
0%
16.2%
17%
7 years
1,685
8.2%
3.1%
14.7%
0%
15.6%
0%
10 years
941
7.2%
5.1%
12.1%
0%
16.2%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
154
10.4%
−30.7%
65.1%
23%
13.9%
45%
2 years
142
9.5%
−22.6%
42.1%
22%
14.8%
37%
3 years
130
8.2%
−11.6%
33.0%
19%
16.5%
37%
5 years
106
8.4%
−3.6%
20.4%
6%
16.7%
30%
7 years
82
6.4%
0.3%
16.6%
0%
17.6%
17%
10 years
46
6.1%
3.2%
12.7%
0%
17.3%
0%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 235 Thematic funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Franklin Asian Equity Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Franklin Asian Equity Fund (Direct)This fund
Category average
Return (CAGR)
+17.49%
−1.54%
Standard deviation
20.62%
13.74%
Sharpe ratio
0.59
-0.49
Sortino ratio
0.83
-0.66
Maximum drawdown
−12.5%
(31-03-2026)
−12.7%
(30-03-2026)
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Franklin Asian Equity Fund (Direct)This fund
Category average
Return (CAGR)
+21.75%
+14.14%
Standard deviation
16.65%
13.39%
Sharpe ratio
0.94
0.61
Sortino ratio
1.34
0.82
Maximum drawdown
−14.2%
(07-04-2025)
−18.5%
(28-02-2025)
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Franklin Asian Equity Fund (Direct)This fund
Category average
Return (CAGR)
+6.86%
+12.42%
Standard deviation
17.63%
13.09%
Sharpe ratio
0.06
0.51
Sortino ratio
0.09
0.68
Maximum drawdown
−32.6%
(25-10-2022)
−18.5%
(28-02-2025)
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Franklin Asian Equity Fund (Direct)This fund
Category average
Return (CAGR)
+9.80%
+14.61%
Standard deviation
16.68%
14.10%
Sharpe ratio
0.26
0.65
Sortino ratio
0.37
0.87
Maximum drawdown
−40.2%
(25-10-2022)
−33.7%
(23-03-2020)
From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Measure
Franklin Asian Equity Fund (Direct)This fund
Category average
Return (CAGR)
+9.42%
+15.27%
Standard deviation
15.43%
13.92%
Sharpe ratio
0.22
0.66
Sortino ratio
0.31
0.89
Maximum drawdown
−40.2%
(25-10-2022)
−33.7%
(23-03-2020)
From daily NAVs, 01-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−50%−40%−30%−20%−10%0%
Franklin Asian Equity Fund (Direct)
Category average, 235 Thematic funds
2014201620182020202220242026
Franklin Asian Equity Fund (Direct)Category average, 235 Thematic funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Franklin Asian Equity Fund (Direct)
−40.2%
17-02-2021
25-10-2022
03-10-2025
35 months
−11.0%
Category average
−33.7%
07-02-2020
23-03-2020
05-11-2020
7 months
−6.9%
From the Direct plan's daily NAV since 01-01-2013, adjusted for unit splits, and the average of the 235 Thematic funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Franklin Asian Equity Fund vs Other Thematic Funds
The five Thematic funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Franklin Asian Equity Fund Expense Ratio and Costs
What each plan charges a year, in force from 22-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Thematic median
Cost rank (1 = cheapest)
Direct
0.87%
0.05%
0.07%
0.25%
1.24%
1.18%
131/235
Regular
1.96%
0.05%
0.07%
0.43%
2.51%
2.41%
137/235
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
16.41%
17.49%
1.08%
₹1,16,410
₹1,17,490
3 years
20.68%
21.75%
1.07% a year
₹1,75,754
₹1,80,471
5 years
5.91%
6.86%
0.95% a year
₹1,33,255
₹1,39,340
10 years
8.96%
9.80%
0.84% a year
₹2,35,869
₹2,54,697
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Franklin Asian Equity Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Direct planFranklin Asian Equity Fund (Direct)Regular planFranklin Asian Equity Fund (Regular)Category averageCategory average, 235 Thematic fundsAmount invested
From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Franklin Asian Equity Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
93.8%Equity
Asset
Fund
Category
Equity
93.8%
94.5%
Cash and others
6.2%
4.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
31.0%
45.7%
Mid Cap
11.8%
19.6%
Small Cap
0.0%
24.1%
Foreign stocks
50.0%
2.7%
Not on AMFI's list
1.0%
2.3%
Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Franklin Asian Equity Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
IT - Hardware20.7%
Consumer Durables7.9%
Banks7.5%
Pharmaceuticals & Biotechnology7.3%
Retailing5.2%
Finance4.9%
IT - Software4.4%
Auto Components3.8%
Realty3.5%
Industrial Products3.4%
The ten largest of 28 sectors. The other 18 add up to 25.2%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
IT - Hardware
26.6%
19.1%
20.7%
−5.9%
Consumer Durables
--
7.5%
7.9%
--
Banks
8.3%
7.8%
7.5%
−0.8%
Pharmaceuticals & Biotechnology
6.2%
7.0%
7.3%
+1.1%
Retailing
4.3%
5.2%
5.2%
+0.9%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Franklin Asian Equity Fund Portfolio Holdings
As on 30-09-2026 · 58 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
Taiwan Semiconductor Manufacturing Co. Ltd
IT - Hardware
10.10%
0.0%
Samsung Electronics Ltd
Consumer Durables
7.93%
0.0%
SK Hynix Inc
IT - Hardware
5.69%
0.0%
ICICI Bank Ltd
Banks
3.05%
0.0%
Mediatek Inc
IT - Hardware
2.86%
0.0%
Divi's Laboratories Ltd
Pharmaceuticals & Biotechnology
2.72%
0.0%
Torrent Pharmaceuticals Ltd
Pharmaceuticals & Biotechnology
2.23%
0.0%
Tencent Holdings Ltd
Finance
2.08%
−10.6%
Oberoi Realty Ltd
Realty
2.07%
0.0%
Hindalco Industries Ltd
Non - Ferrous Metals
1.87%
+34.9%
King Slide Works Co Ltd
Industrial Products
1.85%
0.0%
Eternal Ltd
Retailing
1.83%
0.0%
Larsen & Toubro Ltd
Construction
1.77%
0.0%
Indian Hotels Co Ltd
Leisure Services
1.71%
0.0%
Bharat Electronics Ltd
Aerospace & Defense
1.63%
0.0%
ABB India Ltd
Electrical Equipment
1.59%
0.0%
HDFC Bank Ltd
Banks
1.50%
0.0%
Lodha Developers Ltd
Realty
1.47%
0.0%
360 One Wam Ltd
Capital Markets
1.45%
0.0%
Tata Consumer Products Ltd
Agricultural Food & Other Products
1.42%
0.0%
Reliance Industries Ltd
Petroleum Products
1.40%
0.0%
Tata Motors Ltd
Agricultural, Commercial & Construction Vehicles
1.39%
0.0%
Hansoh Pharmaceutical Group Co Ltd
Pharmaceuticals & Biotechnology
1.37%
0.0%
Netease Inc
Entertainment
1.35%
0.0%
Endurance Technologies Ltd
Auto Components
1.35%
0.0%
KB Financial Group Inc
Finance
1.35%
0.0%
Lite-On Technology Corp
IT - Software
1.28%
0.0%
Tube Investments of India Ltd
Auto Components
1.28%
0.0%
Mahindra & Mahindra Ltd
Automobiles
1.27%
0.0%
Alibaba Group Holding Ltd
Retailing
1.26%
0.0%
Max Healthcare Institute Ltd
Healthcare Services
1.24%
0.0%
Meesho Ltd
Retailing
1.24%
0.0%
Singapore Technologies Engineering Ltd
Industrial Manufacturing
1.23%
0.0%
DBS Group Holdings Ltd
Banks
1.19%
0.0%
Contemporary Amperex Technology Co Ltd
Auto Components
1.16%
+8.3%
Wiwynn Corp
IT - Software
1.15%
+198.3%
State Bank of India
Banks
1.08%
0.0%
Tata Capital Ltd
Finance
1.02%
0.0%
Tata Power Co Ltd
Power
1.02%
0.0%
HCL Technologies Ltd
IT - Software
1.01%
0.0%
National Stock Exchange Of India Ltd
Capital Markets
1.01%
New
Wuxi Biologics Cayman Inc
Pharmaceuticals & Biotechnology
0.98%
+29.0%
Ultratech Cement Ltd
Cement & Cement Products
0.95%
0.0%
Infosys Ltd
IT - Software
0.93%
0.0%
Techtronic Industries Co. Ltd
Retailing
0.88%
0.0%
GAIL (India) Ltd
Gas
0.88%
0.0%
Yageo Corp
IT - Hardware
0.86%
0.0%
Hyundai Motor Co Ltd
Automobiles
0.81%
0.0%
Hon Precision Inc
Industrial Products
0.79%
−17.6%
Weichai Power Co Ltd
Industrial Products
0.76%
0.0%
Asia Vital Components Co Ltd
IT - Hardware
0.74%
0.0%
Hsbc Holdings Plc
Banks
0.72%
0.0%
Shriram Finance Ltd
Finance
0.44%
0.0%
Sieyuan Electric Co Ltd
Electrical Equipment
0.41%
−18.1%
Wus Printed Circuit Kunshan Co Ltd
IT - Hardware
0.40%
0.0%
Zhongji Innolight Co Ltd
Telecom - Equipment & Accessories
0.35%
0.0%
Samyang Foods Co Ltd
Food Products
0.24%
New
Zhongji Innolight Co Ltd
Telecom - Equipment & Accessories
0.23%
0.0%
Franklin Asian Equity Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Tencent Holdings Ltd
↓Reduced
−10.6%
2.08%
Hindalco Industries Ltd
↑Added
+34.9%
1.87%
Contemporary Amperex Technology Co Ltd
↑Added
+8.3%
1.16%
Wiwynn Corp
↑Added
+198.3%
1.15%
National Stock Exchange Of India Ltd
↑New
New
1.01%
Hon Precision Inc
↓Reduced
−17.6%
0.79%
Wuxi Biologics Cayman Inc
↑Added
+29.0%
0.98%
Sieyuan Electric Co Ltd
↓Reduced
−18.1%
0.41%
Samyang Foods Co Ltd
↑New
New
0.24%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Franklin Asian Equity Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.24%
Expense ratio (Regular)
2.51%
Category
Thematic
Risk
Not available
Launch date
16-01-2008
Minimum investment
5000/1
Minimum additional investment
1000/1
AUM
₹981.40 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
118559
ISIN (Direct)
INF090I01IZ5
Scheme code (Regular)
106979
ISIN (Regular)
INF090I01AB3
NAV history
From 01-01-2013, 13.8 years
Benchmark
75% MSCI Asia (Ex-Japan) Standard Index + 25% Nifty 500 Index
Exit load
1% if the units are redeemed/switched- out within one year from the date of allotment
Tax on Franklin Asian Equity Fund returns
How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹45.6946
30-10-2026
direct
IDCW
₹20.9229
30-10-2026
regular
Growth
₹41.3076
30-10-2026
regular
IDCW
₹19.498
30-10-2026
About Franklin Asian Equity Fund
Franklin Asian Equity Fund is a mutual fund from Franklin Templeton Mutual Fund. Its category is Thematic. It was launched on 16-01-2008. Its benchmark is 75% MSCI Asia (Ex-Japan) Standard Index + 25% Nifty 500 Index. At the end of September 2026 it held 58 securities.
Fund Manager
Shyam Sundar Sriram
Fund manager of Franklin Asian Equity Fund, since 26-09-2024
Sandeep Manam
Fund manager of Franklin Asian Equity Fund, since 18-10-2021
Frequently Asked Questions for Franklin Asian Equity Fund
What is the current NAV of Franklin Asian Equity Fund?
The Direct plan NAV is ₹45.6946. The Regular plan NAV is ₹41.3076, as on 30-10-2026.
What are the returns of Franklin Asian Equity Fund?
The Direct plan returned +17.49% in 1 year, +21.75% a year over 3 years, +6.86% a year over 5 years. The Regular plan returned +16.41% in 1 year, +20.68% a year over 3 years, +5.91% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Franklin Asian Equity Fund?
The Direct plan charges 1.24% a year. The Regular plan charges 2.51% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.
What is the AUM of Franklin Asian Equity Fund?
Franklin Asian Equity Fund managed ₹981.40 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Franklin Asian Equity Fund?
At the end of September 2026 the largest holdings were Taiwan Semiconductor Manufacturing Co. Ltd (10.10%), Samsung Electronics Ltd (7.93%), SK Hynix Inc (5.69%), ICICIBANK (3.05%), Mediatek Inc (2.86%). The fund held 58 securities in all.
What did Franklin Asian Equity Fund buy and sell in September 2026?
It bought 2 new stocks: National Stock Exchange Of India Ltd, Samyang Foods Co Ltd. It added shares in 4. It reduced 3.
How do I invest in Franklin Asian Equity Fund?
Through Franklin Templeton Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least 5000/1. You can invest once or through a monthly SIP.
Who is the fund manager of Franklin Asian Equity Fund?
Shyam Sundar Sriram (since 26-09-2024), Sandeep Manam (since 18-10-2021).
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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